Gold prices extend rise after Trump unveils tariff plans

From kitco.com

Gold prices extended gains on Wednesday to hover near all-time highs, boosted by safe-haven inflows after U.S. President Donald Trump announces reciprocal tariffs that would escalate a trade war. Spot gold was up 0.6% at $3,129.46 an ounce at 04:53 p.m. EDT (2053 GMT). U.S. gold futures settled 0.6% higher at $3,166.20. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. "The reciprocal tariffs are much more aggressive than expected, which should lead to asset market selloffs and a lower dollar," said Tai Wong, an independent metals trader. "Gold's ... (full story)